Business
Canadian Banc Corp. Completes Overnight Offering of $62,700,000
TORONTO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (the “Company’) is pleased to announce it has completed the overnight offering of Preferred Shares (TSX: BK.PR.A) of the Company. Total gross proceeds of the offering were $62.7 million. The Preferred Shares will begin trading on the Toronto Stock Exchange under the existing symbol of BK.PR.A. The offering was led by National Bank Financial Inc. The net proceeds of the offering will be used by the Company to invest in a portfolio con
About this update from National Bank Of Canada
[{"type":"image","alt":"Canadian Banc Corp.","displaySize":"","headline":null,"caption":"Canadian Banc Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":202,"height":149,"url":"https://media.zenfs.com/en/globenewswire.com/62f43cd14b31a7d4bd9fec52ac53b2dc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dXW3R7xiGRUd1SeJjDaxfw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTI2NjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/62f43cd14b31a7d4bd9fec52ac53b2dc","width":202,"height":149}},"lazy":false},{"type":"text","content":"TORONTO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (the “Company’) is pleased to announce it has completed the overnight offering of Preferred Shares (TSX: BK.PR.A) of the Company. Total gross proceeds of the offering were $62.7 million.","length":249,"tagName":"p"},{"type":"text","content":"The Preferred Shares will begin trading on the Toronto Stock Exchange under the existing symbol of BK.PR.A.","length":107,"tagName":"p"},{"type":"text","content":"The offering was led by National Bank Financial Inc.","length":52,"tagName":"p"},{"type":"text","content":"The net proceeds of the offering will be used by the Company to invest in a portfolio consisting primarily of six publicly traded Canadian Banks as follows:","length":156,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"Bank of Montreal","length":16,"tagName":"p","attribs":{}}]},{"style":"vertical-align:top;","val":[{"type":"text","content":"Canadian Imperial Bank of Commerce","length":34,"tagName":"p","attribs":{}}]},{"style":"vertical-align:top;","val":[{"type":"text","content":"Royal Bank of Canada","length":20,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"The Bank of Nova Scotia","length":23,"tagName":"p","attribs":{}}]},{"style":"vertical-align:top;","val":[{"type":"text","content":"National Bank of Canada","length":23,"tagName":"p","attribs":{}}]},{"style":"vertical-align:top;","val":[{"type":"text","content":"The Toronto-Dominion Bank","length":25,"tagName":"p","attribs":{}}]}]},{"val":[{"val":[{"type":"text","content":" ","length":6,"tagName":"p"}]},{"val":[{"type":"text","content":" ","length":6,"tagName":"p"}]},{"val":[{"type":"text","content":" ","length":6,"tagName":"p"}]}]}],"length...